Cost Of Living
Taking into account the cost of goods and services like housing, groceries, transportation and utilities, the overall cost of living in this area is well below average.
Crime
Crime per 100,000 people is significantly lower than the national average, making it a safe place to live. These crime statistics include both violent and property crimes.
Housing
High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.
Health & Safety
Good air quality as well as nearby health facilities like hospitals, clinics, nursing homes, fire and police stations all contribute to a higher than average health and safety score.
Schools
The schools category earns a high score due to factors like exceptional test scores, strong education levels and the close proximity of elementary and high schools in this area.
Commute
A low commute score could be due to longer-than-average work commutes and the limited availability of public transportation in this area.
Petoskey, Michigan is a small-sized city with a population of 5,701 residents. At 92%, the majority of the Petoskey population is White; this is followed by 1% Black and 1% American Indian and Alaskan. If you prefer shorter commutes, living in Petoskey will be a delight. With an average one-way commute time of just 19 minutes, traveling to and from work is notably more convenient than the national average, which stands at 26 minutes.
If you’re considering relocating to any new city, it could be a very daunting task. However, it could also be a great experience if you are willing to get to know the area before actually living in Petoskey, Michigan. When searching for a new neighborhood, several key items should be considered. Safety is of utmost importance, ensuring a secure environment with low crime. Proximity to your workplace or school helps reduce commuting time and offers convenience. Access to amenities such as parks, grocery stores, and healthcare facilities enhances your daily life. Public transportation options contribute to easy mobility. A sense of community fosters a supportive and engaging environment. Lastly, the overall atmosphere should align with your desired lifestyle, ensuring a fulfilling living experience. Considering these items will guide you towards finding the perfect neighborhood that fits all your needs. Finding the best places to live in Petoskey and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes commute, education, employment and other important metrics.
Petoskey has a livability score of 82/100 and is ranked #44 in Michigan and #897 in the USA. Based on this score, Petoskey would be considered a very livable city! Petoskey has also earned the rare honor of ranking in the top 10 percentile among all cities. If we dig down a little deeper into each category within the livability score, we see that Petoskey has higher than average grades for the following: amenities (B-), crime (A), cost of living (A+), education (B+), employment (B) and housing (A+).
If you're considering living in Petoskey, it comes with numerous advantages, particularly in the form of an extensive selection of local amenities. These amenities play a pivotal role in elevating the quality of life within this vibrant community. From easily accessible grocery stores, to conveniently located fitness facilities, a diverse range of dining establishments and a multitude of shopping options, Petoskey provides a comprehensive array of resources for its residents. This ensures the effortless fulfillment of your daily needs and creates ample opportunities for relaxation and recreation. The convenience of these local offerings greatly contributes to the overall appeal of the area, making it an enticing destination for those in search of convenience, diversity, and a gratifying lifestyle. If you're contemplating a move, the abundance of local amenities could very well be a defining characteristic of this area.
Ensuring a sense of security is paramount for the majority of residents in any area. Low crime rates exert a positive influence on various aspects, including home prices, rates of home appreciation and the cultivation of positive community dynamics and social cohesion. In the case of Petoskey, it boasts a notably low violent crime rate of 135 crimes per 100,000 residents, which significantly outperforms the national average.
The Petoskey unemployment rate of 1.12% has continued to decrease over the years and is now well below the national average. The result could lead to reduced poverty and inequality in the area, higher wages and increased economic growth. This is a positive sign in the overall health of the local economy.
A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. Petoskey excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.
Being close to public transit, grocery stores, parks and other conveniences are all important when weighing your options for a new home in Petoskey. Before you determine if any of these amenities are available in the area, you will also want to know if the real estate prices in Petoskey are affordable. The median home price for Petoskey homes is $221,900, which is 73.6% higher than the Michigan average. If we take a closer look at the affordability of homes in Petoskey, we’ll see that the home price to income ratio is 3.8, which is 52% higher than the Michigan average.
| Statistic | Petoskey | Michigan | National |
| Average one way commute | 19min | 24min | 26min |
| Workers who drive to work | 69.4% | 82.5% | 76.4% |
| Workers who carpool | 9.5% | 8.8% | 9.3% |
| Workers who take public transit | 0.6% | 1.4% | 5.1% |
| Workers who bicycle | 1.6% | 0.5% | 0.6% |
| Workers who walk | 12.2% | 2.2% | 2.8% |
| Working from home | 6.2% | 3.7% | 4.6% |
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